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Elon Musk's SpaceX reports first quarterly earnings as public company amid stock price volatility

Elon Musk's SpaceX is set to report its first quarterly earnings as a public company on Tuesday after the closing bell. The report follows a turbulent period for the stock, which has dropped nearly 30% from its $150 market debut and remains down approximately 50% from its all-time high. Investors are closely watching the company's heavy capital expenditures, particularly the $7.7 billion spent on AI infrastructure in the first quarter, and the progress of its Starlink satellite internet service, which remains the company's primary source of profit. Analysts are also evaluating the company's long-term goals, such as the acquisition of Cursor AI and the potential merger with Tesla. While the stock has faced significant pressure, the upcoming earnings call will provide a pulse check on the company's financial health and management's outlook. Additionally, a major lockup expiration on Thursday will release hundreds of millions of shares into the market, potentially increasing price volatility as insiders gain the opportunity to sell.

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